$SPCX - SHORT case (x30)
What do you make of $SPCX averaging just 0.7% between high and low per 30-minute candle?
Setup:
Entry: 137.56–137.75
TP1: 136.3
TP2: 135.1
TP3: 134.1
SL: 138.99
- Calm like that means a clean break would stand out, and 53.6% of market orders are sells, so sellers are hitting the bid.
- My read is that pressure leans down, but price still has to reach 137.56 before anything triggers.
- If buyers start lifting offers and candles stop compressing, that would weaken the idea.
⚠️ Personal market insight, not investment advice. DYOR.
What do you make of $SPCX averaging just 0.7% between high and low per 30-minute candle?
Setup:
Entry: 137.56–137.75
TP1: 136.3
TP2: 135.1
TP3: 134.1
SL: 138.99
- Calm like that means a clean break would stand out, and 53.6% of market orders are sells, so sellers are hitting the bid.
- My read is that pressure leans down, but price still has to reach 137.56 before anything triggers.
- If buyers start lifting offers and candles stop compressing, that would weaken the idea.
⚠️ Personal market insight, not investment advice. DYOR.
